Can I retire at age 54 with 462,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $462,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$38,152$37,812$37,480$37,157$36,841$35,407
2 years$18,887$18,535$18,194$17,864$17,543$16,116
3 years$12,466$12,113$11,773$11,445$11,130$9,754
4 years$9,256$8,904$8,568$8,246$7,938$6,624
5 years$7,331$6,981$6,649$6,334$6,034$4,786
6 years$6,048$5,701$5,373$5,065$4,775$3,593
7 years$5,132$4,787$4,465$4,164$3,883$2,767
8 years$4,445$4,104$3,787$3,493$3,221$2,170
9 years$3,911$3,573$3,262$2,975$2,713$1,724
10 years$3,484$3,149$2,844$2,565$2,312$1,384
11 years$3,135$2,804$2,503$2,232$1,988$1,120
12 years$2,845$2,516$2,222$1,958$1,723$912
13 years$2,599$2,274$1,985$1,729$1,502$745
14 years$2,388$2,067$1,783$1,534$1,317$612
15 years$2,206$1,888$1,610$1,368$1,160$504
16 years$2,047$1,733$1,460$1,225$1,025$416
17 years$1,906$1,596$1,328$1,101$909$344
18 years$1,782$1,474$1,213$992$808$285
19 years$1,670$1,366$1,110$896$720$237
20 years$1,570$1,270$1,019$812$643$197
21 years$1,480$1,183$937$737$576$164
22 years$1,398$1,104$864$670$516$136
23 years$1,323$1,033$798$610$463$113
24 years$1,254$967$738$557$416$94
25 years$1,191$908$683$508$375$79
26 years$1,133$853$634$465$337$66
27 years$1,079$803$588$425$304$55
28 years$1,030$757$547$390$274$46
29 years$983$714$509$357$248$38
30 years$940$674$474$328$224$32
31 years$900$637$442$301$202$27
32 years$863$603$412$277$183$22
33 years$827$571$385$255$166$19
34 years$794$541$360$234$150$15
35 years$763$513$336$216$136$13
36 years$734$487$315$199$123$11
37 years$706$463$294$183$112$9
38 years$680$440$276$169$101$8
39 years$655$418$258$156$92$6
40 years$632$398$242$143$83$5
41 years$609$379$227$132$76$4
42 years$588$361$213$122$69$4
43 years$568$344$200$113$62$3
44 years$549$328$188$104$56$3
45 years$531$312$176$96$51$2
46 years$513$298$165$89$47$2
47 years$497$284$155$82$42$1
48 years$481$272$146$76$38$1
49 years$466$259$137$70$35$1
50 years$451$248$129$65$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $462,000, adding $3,698 every year, while hoping to spend $22,755 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 40/34/26 Blend
53$462,000$462,000$462,000$462,000
54$512,938$488,452$481,291$529,390
55$541,047$488,176$473,204$541,363
56$571,260$487,122$464,082$551,905
57$603,768$485,231$453,868$562,867
58$638,781$482,435$442,501$574,303
59$676,527$478,666$429,916$586,270
60$717,261$473,848$416,046$598,838
61$761,258$467,904$400,820$612,079
62$808,825$460,749$384,166$626,081
63$860,296$452,297$366,007$640,938
64$916,040$442,453$346,262$656,758
65$976,461$431,118$324,847$673,661
66$1,042,006$418,189$301,674$691,784
67$1,113,163$403,552$276,653$711,277
68$1,190,472$387,093$249,687$732,311
69$1,274,524$368,685$220,676$755,076
70$1,365,973$348,198$189,516$779,785
71$1,465,536$325,492$156,098$806,675
72$1,574,000$300,422$120,308$836,010
73$1,692,237$272,831$82,026$868,087
74$1,821,200$242,555$41,129$903,234
75$1,961,943$209,421$0$941,820
76$2,115,624$173,245$0$984,951
77$2,283,517$133,833$0$1,044,606
78$2,467,027$90,982$0$1,109,908
79$2,667,698$44,474$0$1,181,461
80$2,887,232$0$0$1,259,934
81$3,127,503$0$0$1,348,280
82$3,390,573$0$0$1,463,286
83$3,678,715$0$0$1,589,313
84$3,994,429$0$0$1,727,464
85$4,340,471$0$0$1,878,951
86$4,719,876$0$0$2,045,111
87$5,135,986$0$0$2,227,417
88$5,592,482$0$0$2,427,490
89$6,093,417$0$0$2,647,115
90$6,643,259$0$0$2,888,261
91$7,246,927$0$0$3,153,095
92$7,909,839$0$0$3,444,005
93$8,637,966$0$0$3,763,619
94$9,437,884$0$0$4,114,837
95$10,316,836$0$0$4,500,850
96$11,282,805$0$0$4,925,175
97$12,344,583$0$0$5,391,685
98$13,511,857$0$0$5,904,650
99$14,795,298$0$0$6,468,773
100$16,206,665$0$0$7,089,234